5304 S. FLORIDA AVE., LAKELAND, FL

PROPERTY FOR SALE OR LEASE

877.518.5263 | SVNsaunders.com | 114 N. Tennessee Ave. Lakeland, FL 33801

3 E XECUTIVE SUMMARY

4 BUILDING PL AN

5 MAPS

7 DEMOGRAPHICS

10 AERIALS

14 PHOTOS

T A B L E O F C O N T E N T S

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Gary M. Ralston CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS

Managing Partner & Broker Gary@SRDcommercial.com | 863.877.2828

David Hungerford Sales Associate

DHungerford@SRDcommercial.com 863.272.7156

CONFIDENTIALITY & DISCLAIMER ©2020 SVN | Saunders Ralston Dantzler Real Estate, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.

Gary M. Ralston CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS

Managing Partner & Broker gary.ralston@svn.com

David Hungerford, CCIM Senior Advisor

david.hungerford@svn.com 863.272.7156

5304 SOUTH FLORIDA AVE .

L AKEL AND, FL 33813E X E C U T I V E S U M M A R Y

This property is offered both for sale or lease. The subject is a 10,498 +/- office building, broken into small offices and executive suites. Located less than 2 miles south of the Polk Parkway, this property is located in an actively growing market area with an under construction Wawa and Greenwise in close proximity. The market area is a very affluent area of town - the Median Household Income is 25.7% greater within a 2 mile radius compared to Polk County.

*Rent roll and operating statement available upon request

Site Address: 5304 South Florida Ave

County: Polk

PIN (Property Identification Number): 232912140162000060

Land Size: 0.26 +/- acres

Building Size: 10,498 +/- Heated SF

Year Built: 1986

Property Use: Professional Building

Utilities: Water and Sewer (City of Lakeland)

Future Land Use: LCC (Polk County)

Taxes: $7,160 (2019)

Traffic Count: 41,500 cars/day on S. Florida Ave.

Asking Price (Purchase): $875,000

Asking Rate (Lease): See page 4

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B U I L D I N G I N F O R M AT I O N

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The subject property was built in 1986 and features 10,498 +/- Heated SF. Built with solid block construction, this building is divided into multiple units that can be combined or further sub-divided. The property is well mainted and in excellent condition.

*Building dimensions are according to the Polk County Property Appraiser. Floor plan is not to scale and is to only to be used for reference.

ConferenceRoom

C

D

AREA J

Additional revenue opportunities - “Area J” and one of the conference rooms could be converted into rentable suites.

A V A I L A B L E

Unit 400E 400F 400G 400H 400I 404A 404D 404 E 408 408BSF (+/-) 315 315 410 335 283 166 93 255 842 495

Rate Per Month $600 $600 $800 $700 $600 $550 $400 $550 $1,200 $700

R E G I O N A L L O C AT I O N M A PLocated in the Lakeland - Winter Haven MSA, between Tampa and Orlando, in the center of the I-4 Corridor.

ORL ANDO

TAMPA

L AKEL AND

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T A B L E O F C O N T E N T S

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UPDATE THEN DELE TE

PL ACE MAP INTO FR AME

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Located south of the Polk Parkway, in the affluent 33813 zip code.

L AKEL AND

SUBJECT

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1, 2, 3 mile radius

5, 10 minute drive time

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B E N C H M A R K D E M O G R A P H I C S

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Strong population density with more than 25,000 people within a 2 mile radius and more than 80,000 people

within a 10 minute drive-time.

The subject property is located in a very affluent area - Median Household Income is 25.7% greater within a

2 mile radius compared to Polk County.

1 Mile 2 Miles 3 Miles 5 Mins 10 Mins Polk FL US

Population 6,423 25,190 54,686 11,550 81,214 683,954 21,239,528 332,417,793 Households 2,540 9,701 21,556 4,458 31,845 255,025 8,299,404 125,168,557 Families 1,779 7,176 15,235 3,257 22,139 177,233 5,366,533 82,295,074 Average Household Size 2.53 2.60 2.53 2.59 2.55 2.63 2.51 2.59 Owner Occupied Housing Units

1,577 7,391 15,465 3,201 22,323 174,808 5,375,035 79,459,278

Renter Occupied Housing Units

964 2,310 6,092 1,257 9,522 80,217 2,924,369 45,709,279

Median Age 41.2 43.9 43.7 44.2 42.2 41.6 42.5 38.5

IncomeMedian Household Income $50,857 $62,852 $63,997 $60,050 $60,074 $50,006 $54,238 $60,548 Average Household Income $74,582 $90,045 $91,064 $87,595 $85,215 $67,890 $78,335 $87,398 Per Capita Income $29,086 $34,265 $35,866 $33,683 $33,520 $25,412 $30,703 $33,028

Trends: 2015 - 2020 Annual Growth RatePopulation 1.71% 1.32% 1.57% 1.39% 1.54% 1.46% 1.37% 0.77%Households 1.59% 1.23% 1.50% 1.30% 1.44% 1.37% 1.31% 0.75%Families 1.47% 1.14% 1.41% 1.19% 1.37% 1.31% 1.26% 0.68%Owner HHs 2.49% 1.67% 1.89% 1.86% 1.90% 1.72% 1.60% 0.92%Median Household Income 2.58% 2.84% 2.96% 2.89% 2.69% 1.95% 2.37% 2.70%

B E N C H M A R K D E M O G R A P H I C S

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1 Mile 2 Miles 3 Miles 5 Mins 10 Mins Polk FL US

Households by Income<$15,000 11.00% 6.70% 6.60% 8.00% 7.30% 12.10% 11.70% 11.20%

$15,000 - $24,999 8.80% 9.20% 8.40% 8.60% 8.70% 11.70% 10.60% 9.40%

$25,000 - $34,999 13.20% 10.50% 9.80% 10.80% 10.10% 11.80% 10.70% 9.30%

$35,000 - $49,999 16.00% 12.30% 13.10% 13.40% 14.20% 16.60% 14.70% 12.80%

$50,000 - $74,999 20.20% 18.60% 18.60% 18.50% 19.30% 19.90% 18.70% 17.60%

$75,000 - $99,999 9.10% 13.30% 14.10% 11.50% 13.90% 12.30% 11.90% 12.50%

$100,000 - $149,999 11.80% 15.60% 15.40% 15.70% 14.30% 9.90% 12.10% 14.40%

$150,000 - $199,999 4.30% 6.20% 6.30% 6.20% 5.70% 2.90% 4.50% 6.00%

$200,000+ 5.70% 7.60% 7.70% 7.40% 6.50% 2.90% 5.10% 6.70%

Population by Age0 - 4 5.70% 5.20% 5.00% 5.00% 5.40% 6.00% 5.30% 6.00%

5 - 9 5.70% 5.60% 5.40% 5.30% 5.70% 6.00% 5.40% 6.20%

10 - 14 6.40% 6.40% 6.00% 6.20% 6.10% 6.00% 5.60% 6.30%

15 - 19 6.60% 6.40% 6.00% 6.40% 6.00% 5.90% 5.70% 6.40%

20 - 24 5.90% 5.20% 5.30% 5.40% 5.60% 5.90% 6.30% 6.90%

25 - 34 12.50% 11.10% 12.00% 11.50% 12.50% 12.70% 13.20% 13.90%

35 - 44 11.60% 11.40% 11.70% 11.00% 12.00% 11.40% 11.70% 12.50%

45 - 54 13.30% 13.50% 13.30% 13.40% 13.10% 11.80% 12.70% 12.80%

55 - 64 14.20% 15.50% 15.00% 15.40% 14.30% 13.10% 13.60% 13.00%

65 - 74 11.10% 11.70% 11.80% 12.00% 11.30% 12.10% 11.50% 9.40%

75 - 84 5.20% 5.90% 5.90% 6.10% 5.70% 6.60% 6.30% 4.60%

85+ 1.90% 2.20% 2.50% 2.20% 2.40% 2.40% 2.70% 2.00%

Race and EthnicityWhite Alone 79.40% 83.40% 83.60% 83.10% 82.30% 72.30% 73.00% 69.90%

Black Alone 11.70% 9.00% 7.70% 9.00% 8.30% 15.30% 16.40% 12.90%

American Indian Alone 0.60% 0.30% 0.30% 0.40% 0.30% 0.50% 0.40% 1.00%

Asian Alone 2.10% 1.90% 2.80% 2.20% 2.90% 1.90% 2.80% 5.70%

Pacific Islander Alone 0.10% 0.00% 0.10% 0.10% 0.10% 0.10% 0.10% 0.20%

Some Other Race Alone 2.60% 2.60% 2.80% 2.30% 3.20% 7.00% 4.30% 6.90%

Two or More Races 3.60% 2.80% 2.80% 3.00% 2.90% 3.00% 3.00% 3.40%

Hispanic Origin (Any Race) 18.40% 14.90% 14.40% 15.90% 15.40% 22.60% 25.90% 18.30%

4 Miles

6 Miles

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Located in South Lakeland, in close proximity Publix , Walmart, and the Lakeland Airport.

M A R K E T A R E A M A P

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41,500 cars/day

40,000cars/day

22 ,000 cars/day

10,600 cars/day

41,500 cars/day

38,600 cars/day

35,800 cars/day

8,100 cars/day

SUBJECT

T R A D E A R E A M A P

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2 Miles

3 Miles

The subject property is located along South Florida Avenue, which is a key commercial corridor in Lakeland, with high traffic counts.

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Lakeland HighlandsMiddle School

40,000 cars/day

41,500 cars/day

Scott LakeFitzgerald Rd.

Lake Miriam Dr.Pipkin Rd. W.

Harden B

lvd.O

ld Hw

y 37

14 ,500cars/day

14,600cars/day

N E I G H B O R H O O D A E R I A L

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Located in a very active neighborhood area with a mixture of commercial and residential uses.

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NEW

Fitzgerald RdSchool House Rd

FlooringOutlet Center

Lake Miriam Pawn

Bubble BarCafe

Tammy’sDance Co.

Ybor Cigars& Spirits

Sout

h Fl

orid

a Av

e

41,500 cars/day

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The subject property features right in/right out access from S. Florida Ave. which features a traffic count of 41,500 cars/day.

S I T E A E R I A LS I T E A E R I A L

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Flor

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41,500 cars/day

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Common Corridor Ample parking in front and behind the building

Shared conference room

Aerial facing Northeast

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Linear Commercial Corridor (LCC)Polk County

T he purpose of the LCC district is to recognize existing linear

concentrations of commercial, office, institutional, and industrial uses along roadways

F U T U R E L A N D U S E

LCC

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SVN | Saunders Ralston Dantzler Real Estate

877.518.5263114 N. Tennesee Ave. Lakeland, FL 33801

877.518.5263 | SVNsaunders.com | 114 N. Tennessee Ave. Lakeland, FL 33801